BLS E-Services Ltd IPO

Semi-urban, rural and remote communities are being connected with services and opportunities through digital and financial inclusion. Starting in 2006-07, the company’s Material Subsidiary, ZMPL was the first business correspondent in the history of the Indian banking system. The company provides various products and services in India through its BLS Touchpoints and BC network, including PoS services, ticketing services, assisted e-commerce services, etc. Its presence in the local market and community help the company connect with citizens easily giving them better access to social and financial inclusion and making it easy to establish trust and ensuring the sustainability of the business model (Source: CRISIL Report).

The company brings together the advantages of G2C, B2B and B2C models within a single platform, providing many touch points for the consumer and back-end entities. This enhances the customer footfall by 4,04,153 consumers at their BLS Touchpoints and BLS stores and increases scalability. When coupled with their wide range of products and services, it results in multiple cross-selling and upselling opportunities, network effects and wide reach for customer acquisition.

The company has a history of acquiring businesses that complement its existing capabilities, revenue streams and marketing presence. For instance, the company acquired Zero Mass Private Limited in June 2022, Starfin India Private Limited in August 2018, and BLS Kendras Private Limited in October 2022.